Early in his career, Katz formed Telecredit, Inc., the nation's first on-line, real-time credit and check authorizing system. He patented that system and, between 1987 and 1993, he applied for 25 more patents and received approval for 20 of them. In his keynote speech at the 2005 Spring Meeting of the Licensing Executive Society (USA and Canada) Inc., billed as the first formal speech about his career, Katz recalled the day in the early 1990s when he told the New York Times that he believed his patent portfolio royalties would one day be worth "in the tens of millions of dollars if not the hundreds of millions." His prediction was met with skepticism by the newspaper.

"Information on Ronald A. Katz and his company, Ronald A. Katz TechnologyLicensing, LP, remains as elusive as ever. . . . There have been over 3,000 Katz-initiated claims for patent violation over the past 15 years with the vast majority settling before further legal action was taken. In fact, there has not been a single public legal challenge to a Katz claim of patent violation for nearly three years.

In fact, Bruce Berman wrote a profile of him in his book, "Making Innovation Pay," to which Mr. Katz also contributed a chapter. Mr. Katz's latest lawsuits were filed on August 21, 2006 in the U.S. District Court for the Eastern District of Texas as